The Indian stock market is likely to open on a cautious to slightly softer note, tracking a weaker overnight close on Wall Street and subdued sentiment across Asian equities, which are likely to keep investors in a risk-averse mode. The recent US–Iran negotiations over Iran’s nuclear programme concluded without a breakthrough, heightening concerns over the possibility of a US strike and the risk of a broader Middle East conflict. Amid rising uncertainty over the next US course of action regarding Iran, and in the absence of fresh domestic catalysts, investor participation is likely to remain cautious and selective. As a result, sentiment is expected to stay guarded, with markets continuing to oscillate within a defined range and witnessing intermittent bouts of volatility rather than a clear, conviction-led directional move.


Nifty 50

Nifty 50 continues to consolidate within the well-defined 25,400–25,800 range. Immediate support is placed in the 25,400–25,300 zone, marking a key demand area aligned with recent swing lows. On the upside, resistance is seen at 25,650–25,750, coinciding with a cluster of short-term EMAs. A sustained move above 25,800 could gradually open the path toward the psychological 26,000 level. Conversely, a decisive break below 25,400 may extend the decline toward 25,200. Momentum indicators suggest a pause in strong directional bias. RSI is flattening near neutral levels, while MACD is also stabilizing, reflecting an indecisive but balanced structure. Overall, movement between 25,300 and 25,800 appears probable, with selective accumulation on dips near support remaining a practical approach until clearer global cues emerge.

Bank Nifty

Bank Nifty continues to trade comfortably above the psychological 61,000 mark and remains positioned above its 20-, 50-, 100-, and 200-day EMAs, indicating sustained institutional participation across private and PSU banking stocks. Immediate support is placed in the 60,900–60,600 zone, aligning with a rising trendline and prior breakout area. On the upside, resistance is seen at 61,400–61,500. The broader structure remains constructive, though momentum is measured rather than aggressive. RSI near 59 reflects steady underlying strength, and MACD remains in positive territory. As long as 60,600 holds, the broader bias stays constructive, with banking likely to provide relative stability to the broader market during consolidation phases.